Economic Outlook Warns Levy Cuts Consumption
The CIO Outlook argues federal sales or manufacturers excise taxes would curb consumer spending and act like a wage cut, worsening the economy as defense and investment slow. It cites Dr. Neil Jacoby’s view that sales taxes hit lower incomes far harder, up to sixty times more than high incomes.
MENTIONED IN THIS ARTICLE
Washington
CIO
CIO Department of Education and Research
Neil Jacoby
Eisenhower
Council of Economic Advisers
Jacoby
CIO Outlook critiques sales and manufacturers excise taxes
The CIO publication argues that both a sales tax and a manufacturers excise tax are consumption taxes that raise living costs and fail fairness tests. It warns sales taxes hidden and easily pyramiding costs on consumers and notes 32 states have such taxes. It also cautions that federal taxes could become less progressive and urges closing loopholes instead of adopting new excise or sales taxes.
MENTIONED IN THIS ARTICLE
CIO
Get Together Houston Formed for Newspaper Labor Talks
The Houston Council of Newspaper Unions has organized to coordinate negotiations with the three daily newspapers. Members include the Stereotypers, Printers, Pressmen, Engravers and Newspaper Guild.
MENTIONED IN THIS ARTICLE
Houston
LPA
Houston Council of Newspaper Unions
Also Mentioned on This Page
Economic Outlook
National Tax Journal
Kathman’s
Goodyear Shoe Repair
West Fifth St. Sea
Rere
Aufdemkampe
Freeman Avenue
Jelad
MOME
7Th & Vine Sts
City
Cherry
F.d.1.c
Congress
Ender Bros
Vine ST
Vu Family Art
Eer
Ces
Aula Ba cL
Ekee
UNION
Bill Wissel
Bill Schwartz
Norwood
Neighborhood Buyers Guide
Camp
Colerain Ave
Aners
Silverton
Carthage Ave
Norwood, Qhio
G. Koehl, Inc
E. Vine
DeSales Corner
Cliff Thomas Electric Appliances
Woodburn Ave
Walnut Hills
A. & N. Furniture and
Appliance CO
East Mcmillan Sr
Woodburn
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